Most Counter-Productive Idea Evah?: AFL-CIO and Dems push for new tax on stock trades: 1/10% of each transaction

howtobeatthehicostlivingEvery time I think it is safe to go back into the water markets, the SOOPERGENIUSES in Congress or the WH come up with a new economy killing agenda item of some sort. Remember that 70s movie where they try to rob the moneyball in the mall? The way these guys are mucking up the markets that may be a better investment plan, we would have more clarity going forward than we would investing under this Administration…

And all the ideas seem to involve spending and taxing. Under the anti business atmosphere of Team TOTUS this sort of thing is flourishing. And why are the AFL-CIO floating new tax plans?

I have no idea how anyone who has ever opened an American history book or has even passing knowledge of the Depression can suggest these capital killing, investment slaying, consumer scaring ideas:

The Hill:

The nation’s largest labor union and some allied Democrats are pushing a new tax that would hit big investment firms such as Goldman Sachs reaping billions of dollars in profits while the rest of the economy sputters.

The AFL-CIO, one of the Democratic Party’s most powerful allies, would like to assess a small tax — about a tenth of a percent — on every stock transaction.

And they still DO NOT GET the link between over taxation and reduction of cash flow to the Treasury:

There is also a growing realization among Obama administration officials and lawmakers that tax increases may be necessary to curb the ballooning federal deficit.

No STOPPING SPENDING would curb the damned ballooning deficit you yahoos!

The idea of taxing financial transactions has gained some support on Capitol Hill and among senior government officials in London, a major foreign financial center.

In Congress, Rep. Peter DeFazio (D-Ore.), chairman of the Highways and Transit Transportation Subcommittee, has seized on the idea as a way to help pay for a new massive surface transportation reauthorization bill, estimated to cost $450 billion over six years.

We had a 780 Billion dollar stimulus and they want a new tax to fund highway projects because they pixxed all that money away without giving anything to infrastructure.

Instead of taxing all stock transactions, as the AFL-CIO has contemplated, DeFazio wants to focus on oil-based derivatives.

At the end of July, shortly before the House broke for the August recess, DeFazio introduced legislation that would impose a 0.2 percent transaction tax on crude oil futures contracts. The legislation would tax the options for oil futures (in other words, the premium paid to have the option to buy a futures contract) at 0.5 percent.

Oh goody they want to frak up the energy markets ahead of winter heating season too! We can all look forward to that when they get back!

Jamey Johnson courtesy of bowhunterml

August 31, 2009. Tags: , , , , , , , , , , , , , . Economy, Finance, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. 3 comments.

‘Extract’ Trailer 2: From the creator of Office Space…

They had me at ‘Office Space’ creator, but Gene Simmons looks hilarious as ambulance chasing lawyer Joe Adler, haven’t been this jazzed about seeing a comedy forevah….

Courtesy of HollywoodStreams:

To the outside eye, Joel Reynold seems to have everything. After all, being the owner of a business he built from the ground up – with its patented brand of culinary extracts – should make the Extract King a happy man.

However, if Joel hasnt reached his front door by 8 oclock, hell find his wife, Suzie cinching up her sweatpants and about as interested in him as he is in her mastery of supermarket coupon design.

Sexually frustrated, Joel confides in his best pal, Dean, a barkeep and soon finds himself wrapped up in a convoluted scheme to make Suzie cheat on him first with a dim-witted gigolo thereby allowing him to pursue beautiful new employee Cindy with a clear conscience. Unbeknownst to Joel, the object of his affections is a con artist/sociopath – just one step away from having her parole revoked.

Meanwhile, Joel and his second-in-command, Brian have entered negotiations for a buyout of Reynold Extracts by General Mills. All they need to do is keep things tidy, quiet and moving while waiting for the final offer. Of course, this fails to take into account the employees on the factory floor….

August 31, 2009. Tags: , , , , , , , . Comedy, Entertainment, Film, Glam Metal, Heavy Metal, Popular Culture. Comments off.

Update: Supernatural – Season 5 Sneak Peek from iTunes…

Update: Better video courtesy of iTunes whiz InLovewithSPN:

Audio transcript after the break:


August 31, 2009. Tags: , , . Entertainment, Fantasy, Horror, Mystery, Popular Culture, Sci Fi, Supernatural, Suspense, Warner Bros.. 1 comment.

Update: When Mickey met Spidey: Disney acquires Marvel Entertainment!!!

Some peeps don’t get the deal! Can;t believe it, DIS has issues with the young boys, they have the girls, but the boys are into Marvel comic book heroes not Mickey, NOW they will have the means to keep boys too! So here are the Runaways, Where the Boys Are…..

Courtesy of CherieO

WSJ is live blogging the investors conf call now, see here

Scroll down for updates!

Oh the awesomeness is sooooo….awesome! My shares will rise High! The movies and theme parks will be better, stronger, faster, oops thats the Six Million Dollar Man but you get what I mean! Bob Iger you’re my hero!


Update 2: FD– I just bought more shares, so I am ‘talking my book’, lol!

Update: Details on the deal. I am soo excited, MiM wolds are colliding, in a fantastic way!

Walt Disney CEO and president Robert Iger told CNBC Monday that Disney’s deal to buy Marvel Entertainment for $4 billion in cash and stock was good for both companies.

“Disney’s global reach can enhance what Marvel is already doing,” said Iger. “It was the perfect opportunity for Disney to buy an attractive property. It was a good price for them and us.”Under the deal, Disney will acquire ownership of 5,000 Marvel characters. Many of them, including favorites such as the Fantastic Four and the X-Men, were co-created by the comic book legend Stan Lee.

Disney said Marvel shareholders will receive $30 per share in cash, plus 0.745 Disney shares for every Marvel share they own. That values each Marvel share at $50 based on Friday’s closing stock prices…

August 31, 2009. Tags: , , . Art, Entertainment, Fantasy, Fiction, Film, gaming, graphic art, Popular Culture, Saturday Morning Cartoons, Sci Fi, Supernatural. 1 comment.

ACORN counter-rallies: where Freedom of Speech goes to die….

Unreal. The new M.O. seems to be to disrupt OUR rallies, and prevent our voices from being heard at all at THEIR rallies.

Here an Obamabot harasses the patriots in NY and talks down to a WWII vet, then goes nutso on other patriots, like they always do when they have no facts, they resort to ad hominem attacks:

Courtesy of ProjectShiningCity

First they send someone into  a Tucson Tea Party meeting to disrupt, and true to form he gets violent.

Courtesy of iamanoldfatman

More ACORN shenanigans: Then they stop any other voices from being heard at  their union sponsored Pro Obamacare rallies, where they are suddenly concerned about Private Property Rights, HA! The same folks who are breaking and entering foreclosed homes don’t want private property rights infringed? BWAAAHAAA!!!

Courtesy of SharpElbowsStLouis

More of the awesome panelists who spoke at the Tucson Tea Party meeting and the Patriots marching in St Louis after the break:


August 31, 2009. Tags: , , , , , , , , , . Politics. Comments off.

The franchise is dead. Long live the franchise!! Weinstein Co. to bring Halloween to 3D in 2010…

Halloween montage created by hitmanyr2kHQ

Well! I am SOOOOOOOO glad Rob Zombie did not manage to kill the franchise. It should NOT have to go out with the dreck that is the H2 remake as its last hurrah.

I have read in several places that the Weinstein Co. is having some financial issues. I think ‘Halloween’ may have the lure of the Kavorka! No seriously though I guess that is why they are turning to tried and true box office like Scream and Halloween. Whatever it takes to let the franchise recover from being ‘Zombied’, I am all for it!


Further establishing a trend for 3-D genre pictures of a kind not seen since the 1950s, Weinstein Co. co-Chairman Bob Weinstein has announced that the next movie in the rebooted Halloween franchise will be Halloween 3D, according to the Los Angeles Times.

Rob Zombie, the director of the recent Halloween and this past weekend’s strong opener Halloween II, is currently developing a second remake of The Blob and will not be attached.

Okay good news is Zombie is not involved, bad news is Zombie is going after another classic the Blob, Why? Why you do this to me Demme Zombie? The Devil’s Rejects, although not my kind of film, was clearly what he wants to do, so why keep reworking old horror/scifi and pixxing people off? Ahh maybe THAT is why, he LIKES to pixx people off and maybe doesnt get enough juice from the originals? Nah, more likely it is that dopey producers will not underwrite anything without it being YARM today….

Recall the Kevin Dillon The Blob YARM in the 80s? I mean when you are YARMING YARM you really are scraping the bottom of the barrel creatively aren’t you?

August 31, 2009. Tags: , , , , , , , , . Entertainment, Fantasy, Film, graphic art, Horror, Mystery, Popular Culture, Sci Fi, Supernatural, Suspense. Comments off.

Cheney Unbound…

Vice-President Cheney this weekend:

Part 3 of the interview after the break:


August 31, 2009. Tags: , , , , . Obama Administration, Politics, Terrorism. Comments off.

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